People moves

WisdomTree tapping business opportunities in the Nordic region

WisdomTree is on the lookout for a head of distribution for the Nordic area. The firm announced yesterday it has expanded its product selection with two new exchange traded funds targeting the Japanese and the US market.

The New York headquartered ETF provider, WisdomTree, has rolled out two new ETFs available for Nordic investors. It is also currently looking to hire a head of distribution for the Nordic area after Emma Rylander left the company last month to pursue further education. She previously worked as the Nordic representative of ETF Securities, which was acquired by WisdomTree in April. The acquisition elevated WisdomTree to the ninth largest ETP sponsor globally and the largest global independent ETP provider based on assets under management. Altogether, the firm currently has USD 64.1 billion (EUR 54.9 billion) in assets under management globally.

Emma Rylander replaced Tobias Nilsson, who left the company earlier this year to take on the role as ETF specialist, VP Nordic countries at J.P. Morgan Asset Management. He led WisdomTree’s business development and client coverage in the Nordic countries from 2016 onwards when he was appointed to the post.

The two new products, WisdomTree Japan SmallCap Dividend UCITS ETF and WisdomTree US Multifactor UCITS ETF are both listed on the London Stock Exchange. The manager entered the Nordic market in 2016 when it announced that it had registered its ETFs in Sweden.

Frank Spiteri, head of European distribution, said that the Nordic region was very important to the firm. “We find there is a vast institutional interest for high quality, innovative ETFs and that retail investors are learning and appreciating ETFs to a greater extent,” he said, adding that following the firm’s acquisition of ETF Securities it now has a strong platform in Europe.

Sihem Labbas, head of Benelux & French speaking regions, is acting as the interim client manager for the Nordics while the company is searching for a replacement to Emma Rylander.